Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
Tag: Regulatory
Lack of Regulatory Clarity Pushed 95% of Trading Activities Offshore
While no particular country has gotten a perfect check when it comes to the evolution of digital currencies, some nations are arguably more advanced in terms of the regulation governing the industry t...
Coinbase, Ripple, Circle CEOs Call For Regulatory Clarity
The U.S. Securities and Exchange Commission (SEC) and Justice Department (DOJ) are investigating crypto exchange FTX. Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and Circle CEO Jeremy ...
We need ‘greater regulatory visibility’ in crypto
The recent events surrounding the two of the greatest cryptocurrency exchanges have re-opened some of the long-standing questions about the prevention of such occurrences and mitigating their effect o...
Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny
Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds....
With FTX Bloodied, Rival in US Regulatory Fight Adds Another Knife
An old-guard rival of FTX from the derivatives markets sought to drive a stake through its heart as the crypto company struggled to save itself from financial disaster on Wednesday. A subsidiary of Cb...
Binance-FTX Deal Will Bring Regulatory ‘Scrutiny’ on Crypto Exchanges: Blockchain Association’s Kristin Smith
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Why US Senators Are Calling SEC For “Regulatory Malpractice”
At a time when cryptocurrency market needs stable regulatory environment, the U.S. SEC officials are involved in activities of ‘malpractice’. According to recent reports, the SEC’s staff are leaving t...
Paxos And USDC Issuer Circle Receive Regulatory Approval From Singapore
In a recent development, the stablecoin issuers Circle and Paxos have received approvals in Singapore. According to the report, the Monetary Authority of Singapore (MAS) signed the licenses for the fi...
Circle Secures In-Principle Regulatory Approval From Singapore’s MAS – crypto.news
USDC Coin (USDC) stablecoin issuer Circle has received in-principle approval from The Monetary Authority of Singapore (MAS) to offer digital payment services in Singapore, according to a press release...
Circle and Paxos Secure Regulatory Approval in Singapore
The issuer of the stablecoin USDC – Circle – and the blockchain infrastructure platform – Paxos – received licenses from the Monetary Authority of Singapore (MAS) to offer services in the city-state. ...
Circle, Paxos secure regulatory approval from Singapore financial watchdog
On Nov. 2, the Monetary Authority of Singapore (MAS) approved Paxos’ license and granted in-principle approval to Circle. Paxos is the issuer of Paxos Standard (USDP) and the co-issuer of Binance USD ...
Hong Kong Moves to Introduce Regulatory Policies on Crypto Trading
Hong Kong is making moves to legalize the trading of cryptocurrencies in the country as part of its effort to become a crypto hub in the Asia-Pacific region despite China’s outright ban on the asset c...
Hong Kong: Latest regulatory update might make retail crypto-trading legal soon
Hong Kong regulators have disclosed plans to investigate exposing the cryptocurrency sector to ordinary investors. According to a government announcement this morning, the Securities and Futures Commi...
Does the crypto sector still need regulatory maturity?
Ethereum co-founder Vitalik Buterin has mentioned a new projection about the crypto sector regarding regulatory frameworks. According to the Ethereum boss, the market needs to be mature to flow with r...
Bitcoin ATMs surge in Russia amid regulatory uncertainty
The number of Bitcoin ATMs in Russia has undergone a massive surge over the last few months. According to reports, these ATMs keep increasing despite the unclear regulatory guidelines regarding digita...
Crypto Firm Q9 Capital Wins Dubai’s Regulatory Approval for Provisional Virtual Asset
Crypto investment platform Q9 Capital has received regulatory approval for a provisional virtual asset (VA) from Dubai’s Virtual Asset Regulatory Authority (VARA), the company announced. The ent...
Sam Bankman-Fried Backtracks on Crypto Regulatory Framework
Industry members were quick to accuse the framework of being at odds with the founding principles of crypto Sam Bankman-Fried is the fourth biggest political donor in the US, and he wants a say in how...
FTX CEO ‘SBF’ Clarifies Self-proposed Regulatory Standards
Exchange News A Twitter user called the idea a “step backwards.” Erik Voorhees said that the CEO was praising the OFAC. After the proposal for a legal framework for cryptocurrencies by FTX founder an...
Coinbase CEO Brian Armstrong Says Decentralized Finance Should Be Protected From Regulatory Overreach
Coinbase CEO Brian Armstrong is voicing his opinion on potential regulations involving crypto and decentralized finance (DeFi). Armstrong says he’s grateful that Michigan Democrat Debbie Stabenow and ...
Stablecoin Issuers Should Be Subject to Regulatory Oversight, Says FDIC Chairman
The FDIC is taking a closer look at crypto, specifically stablecoins, according to its acting chairman. The Federal Deposit Insurance Corporation (FDIC), alongside other Federal banking agencies, is e...
Sam Bankman-Fried Proposes ‘Respect’ for OFAC in Crypto Regulatory Framework
“OFAC does not deserve respect. It deserves repeal,” Voorhees said Several crypto observers are combating Bankman-Fried’s DeFi proposals Sam Bankman-Fried asked for critiques on his proposed crypto re...
UK Proposes Bringing Crypto Under Regulatory Eye
Amendment to Financial Services and Markets Bill clarifies “powers relating to financial promotion and regulated activities” would regulate crypto Financial Conduct Authority (FCA) said in August it w...
Binance Custody Partners TRM Labs to Bolster Regulatory Compliance – crypto.news
Binance will adopt a new compliance mechanism for its custody solution. Binance Custody is integrating TRM’s complete service platform to bolster its risk management, ensure regulatory compliance, and...
JPMorgan Has Appointed a Former Celsius Executive as Head of the Crypto Regulatory Policy – crypto.news
According to recent reports, JPMorgan (JPM), the US investment banking giant, appointed former Celsius executive Aaron Iovine as its head of crypto regulatory policy yesterday. CEO Jamie Dimon Calls C...
JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy – Featured Bitcoin News
JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan...
Celsius Former Executive Hired by JPMorgan as Crypto Regulatory Policy Head
Lovine, an Ex. executive of Celsius Network, joined forces with JPMorgan. ccording to a Bloomberg report on 19 October 2022, JPMorgan (JPM) has appointed Aaron Iovine as its head of crypto regulator...
Sam Bankman-Fried advises a new crypto regulatory approach
Sam Bankman-Fried has waded into the issues regarding regulatory frameworks and compliance in the crypto market. Regulation has been one of the most talked about issues, with most analysts suggesting ...
JPMorgan Taps Former Celsius Exec As Crypto Regulatory Policy Director
Nothing supersedes personal experience. At least that seems to be the case with a new JPMorgan Chase hire this week, as the financial firm has brought in former Celsius executive Adam Iovine to serve ...
JPMorgan Hires Former Celsius Network Executive Aaron Iovine As Crypto Regulatory Policy Head
JPMorgan Chase & Co. on Wednesday announced the appointment of former Celsius Network executive Aaron Iovine as its new head of digital assets regulatory policy, a newly created job position as co...